02/21/2022
Posted by: Windfair Editors
Renewables market to become more competitive
Official Press Release Wood Mackenzie:
China's renewables boom year poses major challenges to western markets
Wind Industry Profile of
China’s renewables manufacturing has emerged from 2021 bigger and more competitive than ever before. Western markets are benefitting from trading with the IKEA of the energy transition, but balancing reliance on China’s technology providers with local interests is now a key political as well as environmental challenge, says Wood Mackenzie, a Verisk business (Nasdaq:VRSK).
China’s need to meet soaring power demand coupled with ambition to reduce its dependence on coal and gas have given local manufacturers the incentive to grow big. As a result, Wood Mackenzie projects in its latest report Power Play, that China’s production capacity... ... More: Official Press Release Wood Mackenzie
- Keywords:
- Wood Mackenzie, China, market, ambiton, manufacturer, challenge, reduction, analysis, capacity, wind power, solar, battery, renewable energy
